Draft Amendments to Policy Statement to Regulation 31-103 Regarding Prohibition of Deferred Sales Charges

AMENDMENTS TO POLICY STATEMENT TO REGULATION 31-103 RESPECTING REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS

1. Section 14.2.1 of Policy Statement to Regulation 31-103 respecting Registration
   Requirements is amended:
   (1) in the first sentence of the second paragraph:
   (a) by replacing the word “purchase” with the word “redemption”; (b) by deleting the words “upon the redemption of the security”; (2) by replacing, in the fourth paragraph, the second bullet with the following:
   “- the sales charge options available to the client and an explanation as to how such charges work. Any redemption fees or short-term trading fees that may apply should also so be discussed”.